News

Chester & Columbus sell Clyde Retail Park

Price: £17,100,000 Type: Investment Sale Status: Completed

Chester Properties and Columbus Capital have sold Clyde Retail Park, Clydebank, Glasgow to Valad’s European Diversified Fund for £17,100,000 reflecting a net initial yield of 7.29%

The park extends to 149,048 sq ft, has an Open A1 (Non Food) planning consent and is let to retailers including; Matalan, TK Maxx, Go Outdoors, Halfords, Home Bargains, Jollyes, Dreams and KFC.

The scheme has a WAULT of 7.6 years to expiry and produces a passing rent of £1,324,763 per annum.

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